ilmscore | It’s Over: Why The Housing Market Is Screwed

It’s Over: Why The Housing Market Is Screwed

Published: 2022-03-23
Status: Available | Analyzed

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
Existing home sales are predicted to decrease by approximately 25% by the end of summer, falling from an annual pace of 6 billion to 4.5 billion.
"existing home sales will drop roughly 25 percent from the annual pace of 6 billion set in February to four and a half billion by the end of summer"
Housing Market Activity
Pending
The housing market is entering a significant downturn in activity, which is expected to cause a sharp slowdown in home price growth, potentially beginning in the spring.
"the housing market is in the early stages of the substantial downshift in activity which will trigger a steep decline in the rate of increase of home prices starting perhaps as soon as the spring"
Housing Market Activity
Pending
Housing prices are forecast to rise by 17.8% by February 2023.
"housing prices will increase 17.8 percent through February of 2023."
Home Prices
Pending
Approximately two-thirds of U.S. homes are underinsured, with an average shortfall of 22% in coverage for potential damage.
"two-thirds of homes in the U.S are now underinsured in the event of damage and on average they're underinsured by 22 percent"
Homeowner Insurance
Pending
Investor concern about global growth is at its highest level since the 2008 financial crisis, leading to a two-year high in cash holdings.
"investors are more concerned about global growth than any other time since the great financial crisis of 2008 and have ramped up their cash Holdings to a two-year high"
Stock Market Sentiment
Pending